And as he was considered a kind of demigod by so many the idea was widely circulated, and became at last deeply rooted in the minds of most of the white population of South Africa, who, without being able to say why, considered it in consequence a part of its duty to exaggerate in the direction of advocating severity toward the Dutch.

This did not contribute to smoothen matters, and it grew into a very real danger, inimical to the conclusion of an honourable and permanent peace.

Federation, which at one time had been ardently wished for almost everywhere, became a new cause for anxiety as soon as it was known that Rhodes was in favour of it.

People fancied that his ambitions lay in the direction of a kind of dictatorship exercised by himself over the whole of South Africa, a dictatorship which would make him in effect master of the country.
This, however, was the last thing which the financiers on the Rand wished.
Indeed, they became quite alarmed at the thought that it might become possible, and hastened to explain to Sir Alfred Milner the peril which such a thing, if it ever happened, would constitute for the community at large.

Their constant attendance upon Sir Alfred, however, gave rise to the idea that these financiers wanted to have it all their own way with him and with the Cabinet at home, and that they meant to confiscate the Transvaal to their own profit.
The presence of the moneyed class at the Cape had also another drawback: it exasperated the poorer refugees, who could not forgive those who, too, had fled the Rand, for having so successfully saved their own belongings from the general ruin and remained rich, when so many of those who had directly or indirectly helped them to acquire their wealth were starving at their door.